EPF records RM46.56b investment income in 2016

KUALA LUMPUR: The Employees Provident Fund ended 2016 with RM46.56 billion in total gross investment income, down from RM44.23 billion, it recorded the previous year amid a low global growth and lackluster corporate earnings.

EPF announced a dividend of 5.70 per cent for 2016 versus 6.40 per cent in 2015. The fund, which released its Annual Report 2016 today, recorded a 2.68 per cent rise in annual contributions to RM61.59 billion against total annual amount withdrawn of RM46.80 billion.

This resulted in a net inflow of RM14.79 billion. The annual report, themed "Achieving a Better Future", was tabled in Parliament on April 5, 2017 and revealed a 6.81 per cent increase in total investment assets to RM731.11 billion from RM684.53 billion in 2015. -- Bernama